+12.4 on previous index reading
The Bank of Ireland Economic Pulse stood at 56.3 in June 2020. The index, which combines the results of the Consumer and Business Pulses, was up 12.4 on last month but 34.4 lower than a year ago.
While COVID-19 concerns persist among households and firms, the process of re-opening the economy is now underway. Phase one began on May 18th and phase two on June 8th, and with the Government also signalling its intention to fast track a series of relaxation measures originally envisaged for later in the roadmap, the Consumer and Business Pulses both tracked higher this month.